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Saturday, December 28, 2024

5 Workers Injured In Transmission Tower Collapse In UP's Prayagraj

Five workers were injured when a 400-kilowatt transmission line tower collapsed here on Saturday, officials said.

ACP (Tharwai) Chandrapal Singh said that on Saturday, some electric work was underway on a 400-kilowatt transmission line connecting Bengal to Delhi in the Sahason area under Tharwai police station.

In the same sequence, while pulling the wire, a tower suddenly fell on the workers and injured them, the ACP said.

The police reached the spot and rushed the injured workers to a hospital. Two of them were discharged after receiving first aid, while three were seriously injured and were referred to SRN Hospital in Prayagraj, ACP said.

Further investigation into the matter is underway, he added.

Meanwhile, Deputy Commissioner of Police (Ganganagar) Kuldeep Gunawat clarified that the incident took place in a rural area, far from the city and is not related to the Maha Kumbh preparations.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)



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Dharavi Redevelopment Project Private Ltd Renamed Navbharat Mega Developers Private Ltd

Dharavi Redevelopment Project Private Ltd (DRPPL) has rebranded itself as Navbharat Mega Developers Private Ltd (NMDPL) - matching with the company's promise of building a modern, inclusive and vibrant community, it was announced on Saturday.

The initiative is not just to change the name DRPPL but also to avoid being mistaken for the government authority in the same space, which is DRP (Dharavi Redevelopment Authority), the special planning authority of the state government dealing with Dharavi's redevelopment.

"The role of the Maharashtra Government remains unchanged and DRP continues to be the supervising authority for the ambitious project," said the company.

The name Navbharat Mega Developers is rooted in the company's commitment to growth, change and hope, and the rebranding exercise that has received the affirmation of its Board of Directors and the Ministry of Corporate Affairs.

NMDPL is a special purpose vehicle (SPV) formed as a joint venture between the Maharashtra government and the Adani Group.

"This change reflects the company's fresh outlook and obligation to creating a broader and brighter future for everyone associated with or beneficiary of the gigantic and historic task of rehabilitating slums across the nation," said NMDPL.

The name Navbharat, which means "New India," reflects the massive potential this project holds in shaping a better tomorrow.

On the other hand, Mega highlights the sheer scale and impact of the work being undertaken, while Developers points to the role the company intends to play in building a thriving community.

"As India works towards its ambitious goal of becoming slum-free, Dharavi's redevelopment is a crucial step in that direction. With this new name, NMDPL is reaffirming its pledge to the national cause," it noted.

The Dharavi Redevelopment Project is unique because there will be no financial burden on the residents. The state government has decided to provide free housing to eligible residents of Dharavi.

Additionally, the government is committed to offering affordable housing to ineligible residents under the Pradhan Mantri Awas Yojana or through a hire-purchase scheme - all designed to offer maximum benefits at the most affordable rates.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)



(Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, an Adani Group Company.)



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Friday, December 27, 2024

Manmohan Singh, Professor Who Left A Mark On DU's School Of Economics

In the corridors of the Delhi School of Economics (DSE), where ideas often find shape and future leaders are quietly moulded, the memories of former prime minister Manmohan Singh remain deeply etched.

Long before he became the architect of India's economic liberalisation and later, its prime minister, Mr Singh was a professor at the DSE, nurturing minds with the clarity and grace that would go on to define his public life.

The DSE community is in mourning following the death of Mr Singh, who died at the All India Institute of Medical Sciences (AIIMS) in Delhi on Thursday at the age of 92.

The institution remembers him not just as a celebrated economist and statesman but as one of its own -- a mentor, a colleague and an honorary professor.

"The DSE fraternity is saddened at the passing away of former prime minister and a highly distinguished DSE fraternity member, Dr Manmohan Singh. He served as a professor at the Delhi School of Economics from 1969 to 1971.

"In 1971, he left the DSE only to work as an advisor to the Ministry of Foreign Trade and the chief economic advisor to the Ministry of Finance and in various other senior positions, such as the finance minister and later, as the prime minister. He was the chief architect of the 1991 reforms that set our economy on a fast growth path. As the prime minister, he positioned India as an important player in the emerging geopolitical order," Ram Singh, director of the DSE, told PTI.

Reflecting on his memories of the former prime minister, his former colleague and a member of the Centre for Development Economics, Om Prakash, said, "I had the proud privilege of being a colleague of Professor Manmohan Singh at the DSE in the early 1970s. I found him to be an extremely helpful and kind man, always willing to help his younger colleagues." 

"Even after he left the department, he was always available to help you in whichever way he could. I will always remember him as a gentleman and an extraordinarily kind person," he added.

Mr Singh's connection with the DSE endured for long after he left the institute. He served as an honorary professor at the Centre for Development Economics and frequently engaged with the school, whether as a guest speaker or as a source of quiet encouragement.

In 2006, two years after becoming the prime minister, he visited the DSE and awarded the toppers of the MA Economics stream with the Manmohan Singh scholarship, reflecting his pivotal role in its intellectual foundation.

Earlier this year, Mr Singh, whose health conditions were deteriorating, penned a heartfelt message to the director of the DSE, declining an invitation to deliver the valedictory address for the institution's diamond-jubilee celebrations.

"Much as I would have been happy to accept your kind invitation, I regret that because of the indifferent state of my health, I will not be able to accept your kind request," he wrote, signing off with his best wishes for the event.

The last rites of the former prime minister will be performed at 11:45 am on Saturday at the Nigambodh Ghat crematorium in Delhi with full State Honours, the Union home ministry has said.

His death was announced by the AIIMS, where he was admitted in a critical condition at around 8:30 pm on Thursday. 

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)



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SEBI Notifies Withdrawal Of Recognition Granted To Indian Commodity Exchange

Market regulator Sebi has notified that the recognition granted to the Indian Commodity Exchange Ltd (ICEX) has been withdrawn, formally signifying its exit from the bourse business.

This came after the regulator on December 11 allowed ICEX to exit the exchange space after its recognition was withdrawn over two years ago. This followed after the exchange fulfilled regulatory requirements.

"The Securities and Exchange Board of India (Sebi) hereby notifies that, the recognition granted to the Indian Commodity Exchange Ltd stands withdrawn with effect from the date of publication of this notification in the official gazette," Sebi said in its notification dated December 24.

In its exit order, Sebi stated it reviewed ICEX's valuation report, compliance submissions and undertakings.

Additionally, the regulator directed ICEX to comply with its tax obligations under the Income Tax Act, 1961; change its name and not to use the expression "stock exchange" and maintain a database of all transactions on its platform for the previous years among others.

The bourses declared all known liabilities and assured Sebi it had no undisclosed third-party liabilities. The exchange also undertook full responsibility for any future financial claims that may arise.

Accordingly, Sebi permitted "the exit of the ICEX as a stock exchange and thus the consequent withdrawal of recognition granted to ICEX".

ICEX, a commodity exchange based in Surat, Gujarat, was granted permanent recognition in 2009 under the Forward Contracts (Regulation) Act, 1952 (FCRA).

With the merger of the Forward Markets Commission (FMC) into Sebi in 2015, ICEX became a recognised stock exchange under the Securities Contracts (Regulation) Act, 1956 (SCRA).

In May 2022, Sebi derecognised ICEX due to non-compliance with the minimum net-worth requirement, infrastructural deficiencies and inspection findings.

ICEX appealed to the Securities Appellate Tribunal (SAT), which allowed ICEX to temporarily retain its recognition, provided it raised funds and complied with Sebi regulations within a year.

ICEX explored options to raise funds but found it difficult due to Sebi's shareholding cap of 5 per cent for investors in stock exchanges.

It requested the regulator to permit investors to hold up to 51 per cent equity for five years. If denied, ICEX offered to voluntarily surrender its recognition.

Sebi declined ICEX's request to relax shareholding norms, treating ICEX's letter as a voluntary surrender.

Thereafter, ICEX shareholders passed a resolution in May 2023, approving the surrender of recognition, following which Sebi initiated the exit process.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)



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Manmohan Singh's Life, Work Profoundly Shaped India's Destiny: Congress

The Congress Working Committee (CWC) met here on Friday and paid glowing tributes to former prime minister Manmohan Singh, saying he was a towering figure in India's political and economic landscape whose contributions transformed the country and earned him respect worldwide.

In a condolence resolution passed at the meeting, the CWC mourned the loss of a "true statesman" whose life and work have profoundly shaped the destiny of India.

Congress president Mallikarjun Kharge, former party chiefs Sonia Gandhi and Rahul Gandhi, and Congress general secretaries Jairam Ramesh, KC Venugopal and Priyanka Gandhi Vadra among others met here at the AICC headquarters for a meeting of the CWC to pay homage to the former prime minister.

Dr Singh, the architect of India's economic reforms and a consensus builder in the rough world of politics, died at AIIMS, Delhi, late on Thursday. He was 92.

He is survived by his wife and three daughters.

"Dr. Singh was a towering figure in India's political and economic landscape, whose contributions transformed the country and earned him respect worldwide. As Finance Minister in the early 1990s, Dr. Singh was the architect of India's economic liberalization," the CWC resolution read.

With unmatched foresight, he initiated a series of reforms that not only saved the nation from a balance-of-payments crisis but also opened the doors to global markets, it said.

"Through his policies of deregulation, privatization, and the encouragement of foreign investment, he laid the foundation for India's rapid economic growth. Under his stewardship, India emerged as one of the world's fastest-growing economies, a testament to his brilliance and vision," the CWC said.

As the 13th prime minister of India, Dr Singh led the country with a sense of calm determination and exceptional wisdom and his tenure was marked by sustained economic growth, global recognition and social progress, it said.

"He (Singh) steered the nation through the challenges of the global financial crisis in 2008 with strategic measures that shielded India from its worst effects. His leadership saw remarkable initiatives like MGNREGA, Right to Education, the historic Indo-U.S. Civil Nuclear Deal, National Food Security Act, Land Acquisition Act, Agricultural Debt Waiver and Debt Relief Scheme, and the 93rd Constitutional Amendment that advanced social justice for Scheduled Castes, Scheduled Tribes, and OBCs through Article 15(5)," it said.

Dr Singh also championed the Right to Information (RTI) Act to enhance transparency, the Forest Rights Act to empower tribal communities and contributed to achieving the highest GDP growth rate during his tenure, the CWC condolence resolution said.

"Dr. Singh's dedication to inclusive growth, international diplomacy, and economic modernization strengthened India's position in the global arena, while simultaneously focusing on the welfare of he common man. His legacy as a compassionate, reformist leader who prioritized stability and development will forever be etched in India's history," the CWC said.

Beyond his contributions as a politician, Singh was a respected academician, whose career as an economist helped shape India's policies and direction, the resolution said.

"His scholarly work as an economist and his service at institutions like the United Nations and the Reserve Bank of India laid the groundwork for many of the economic reforms he later championed as a policymaker," it said.

The CWC said Dr Singh's profound understanding of economics, combined with his dedication to education, inspired countless students, scholars and policy-makers. His academic rigor and intellectual contributions were pivotal in shaping India's approach to development, and his mentorship has had a lasting impact on the country's future economists, the resolution said.

"Dr. Singh was a man of extraordinary personal qualities. His grace, humility, and dignity set him apart as a leader of rare character. Despite holding the highest offices in the land, he always remained grounded, treating everyone with respect and kindness," the party said.

His demeanour was calm and composed and it was always guided by a deep sense of integrity, the CWC said.

"He was not only admired for his intellect and accomplishments but also for his unassuming nature, which made him beloved to people across all walks of life. Dr. Singh embodied the very best qualities of a true statesman- compassion, honesty, and a deep commitment to public service. His life was a living example of how grace and humility can coexist with great power," the resolution said.

"As we mourn the loss of this extraordinary leader, the Congress Working Committee pledges to honor Dr. Manmohan Singh's memory and carry forward his enduring legacy. His vision of economic reform, social justice, and inclusive growth will continue to inspire and guide us," it said.

The ideals he stood for -- integrity, diligence, and compassion -- will remain a beacon for future generations, the party said.

"We commit to upholding his values as we work towards building a more prosperous and united India, just as he envisioned. Dr. Singh's legacy as a leader, an economist, and a humble human being will live on, inspiring all of us to contribute to the continued progress and betterment of our great nation," the resolution read.

The CWC members also paid floral tributes to him at the party's headquarters.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)



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Thursday, December 26, 2024

Manmohan Singh, 2-Time PM And Architect Of India's Economic Reforms, Dies At 92

Former Prime Minister Manmohan Singh died of age-related medical conditions today, the All India Institute of Medical Sciences (AIIMS) in Delhi, where he was admitted, said in a statement. He was 92.

"With profound grief, we inform the demise of former Prime Minister of India, Dr Manmohan Singh, aged 92. He was being treated for age-related medical conditions and had a sudden loss of consciousness at home on 26 December 2024," AIIMS said.

"Resuscitative measures were started immediately at home. He was brought to the medical emergency at AIIMS, New Delhi at 8.06 pm. Despite all efforts, he could not be revived and was declared dead at 9.51 pm," AIIMS said.

Manmohan Singh was Prime Minister for two terms in the Congress-led United Progressive Alliance (UPA) government from 2004 to 2014. He had been in poor health for the last few months.

The former prime minister is survived by wife Gurcharan Singh and three daughters.

Prime Minister Narendra Modi in a post on X condoled the death of the leader.

"India mourns the loss of one of its most distinguished leaders, Dr Manmohan Singh ji. Rising from humble origins, he rose to become a respected economist. He served in various government positions as well, including as Finance Minister, leaving a strong imprint on our economic policy over the years. His interventions in parliament were also insightful. As our Prime Minister, he made extensive efforts to improve people's lives," PM Modi said.

"Dr Manmohan Singh ji and I interacted regularly when he was PM and I was the CM of Gujarat. We would have extensive deliberations on various subjects relating to governance. His wisdom and humility were always visible. In this hour of grief, my thoughts are with the family of Dr. Manmohan Singh Ji, his friends and countless admirers. Om Shanti," he said.

Congress MP Priyanka Gandhi Vadra and her mother Sonia Gandhi reached the hospital as soon as the news of Manmohan Singh's hospitalisation became known.

Manmohan Singh served as finance minister under the then Prime Minister PV Narasimha Rao. He was the architect and the brainchild of economic reforms in 1991 that pulled India from the brink of bankruptcy and ushered in an era of economic liberalisation that is widely believed to have changed the course of India's economic trajectory.

Congress chief Mallikarjun Kharge and party MP Rahul Gandhi were in Karnataka's Belagavi attending the Congress Working Committee meeting when news of Manmohan Singh's death came. Both are returning to Delhi, news agency PTI reported.



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Wednesday, December 25, 2024

Rename Kolkata Protest Point To 'Abhaya Crossing': Doctor's Forum To Bengal

West Bengal Doctors' Forum, an association of medical practitioners in the state, on Wednesday, sent an email communique to Chief Minister Mamata Banerjee to rename Dorina Crossing, a popular protest point in central Kolkata, as 'Abhaya Crossing'.

The junior doctor of Kolkata-based RG Kar Medical College & Hospital who became the victim of a brutal rape and murder within the hospital premises in August this year is referred to as "Abhaya" since the legal system of the country bars revealing the identity of any rape or rape and murder victim.

According to the leader of the forum, the meaning of "Abhaya" is not restricted to the dictionary meaning that it refers to a brave woman. Rather, pointed out one doctor, the name "Abhaya" now symbolises movement for justice, security and honour.

That is why, he added, they want the name of 'Dorina Crossing' to be changed to "Abhaya Crossing".

Currently another association of doctors namely the West Bengal Joint Platform of Doctors is currently holding a protest at Dorina Crossing which will continue till Thursday.

The protest is against the failure of the Central Bureau of Investigation (CBI) to present the supplementary charge sheet against the two accused of tampering with the evidence in the case.

Recently, a special court in Kolkata granted "default bail" to the former and controversial principal of RG Kar Sandip Ghosh and the former SHO of Tala Police Station Abhijit Mondal as CBI failed to file the supplementary charge sheet against them within 90 days from the date of their arrests

Both Ghosh and Mondal were accused of misleading the investigation and tampering with the evidence while the initial investigation in the matter was being carried out by Kolkata Police.

This week, a report from the Central Forensic Science Laboratory (CSFL) surfaced, which has created doubts about the "scene of crime" in the rape and murder case.

On the morning of August 9, 2024, the body of the victim was spotted at the seminar hall within the hospital premises of RG Kar and Hospital, accordingly, first the Kolkata Police and then CBI carried out the investigation considering the seminar hall as the "scene of crime".

However, a report that CGSL has submitted to the CBI agency, has clearly stated that there is no evident sign of fight within the seminar room, sources aware of the development said.

In fact, the CSFL report strengthens the apprehension raised by the section of the medical fraternity in the state since the beginning that the actual "scene of crime" was someplace else and after the rape and murder, the body was shifted to the seminar hall to mislead future investigation.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)



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